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Africa’s biggest fund manager, which has been the subject of a governance probe, said it’s separating the roles of chief executive officer and chief investment officer after criticism that too much power was concentrated in the role of CEO. The CEO position, currently filled by Vuyani Hako in an acting capacity, will be advertised, with the recruitment process running in parallel with other executive posts “due to urgency,” Public Investment Corporation (PIC) interim chairperson Reuel Khoza told lawmakers on Tuesday.